What is Authorised Capital?

Authorized capital is the ceiling amount for the total paid up capital. For example, if the company authorized capital is RM500,000.00 that mean this company can only increase it’s paid up capital maximum to RM500,000.00. However the company can increase it’s authorized capital by an EGM (Extraordinary General Meeting) anytime. Certain fee need to pay to CCM (Companies Commission of Malaysia). Please refer the table of fee at http://www.hl-wong.com/content/our-fee